BEIJING, Global Times, June 3 - Following months of notable silence, Chinese and US senior trade officials are ramping up trade talks, as Chinese Vice Premier Liu He held a virtual meeting with US Treasury Secretary Janet Yellen on Wednesday - his second discussion with top economic and trade officials under the Biden administration in less than a week, with both parties underscoring equality and mutual respect as well as the importance of economic ties in bilateral relations, sparking optimism over enhanced communication between the world's two biggest economies as well as caution that significant hurdles still remain intact.
Trade and economic talks on the premise of equality and mutual respect followed after Chinese diplomats dealt vigorous counterblows to US representatives who wanted to speak to China in a condescending way from a position of strength during the China-US Alaska high-level meeting in March.